Intech Investment Management LLC Sells 15,046 Shares of VeriSign, Inc. (NASDAQ:VRSN)

Intech Investment Management LLC decreased its holdings in VeriSign, Inc. (NASDAQ:VRSN) by 17.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 71,531 shares of the information services provider’s stock after selling 15,046 shares during the period. Intech Investment Management LLC owned about 0.07% of VeriSign worth $13,588,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. Empirical Finance LLC increased its holdings in VeriSign by 1.9% in the 3rd quarter. Empirical Finance LLC now owns 3,038 shares of the information services provider’s stock worth $577,000 after buying an additional 57 shares during the period. West Family Investments Inc. boosted its holdings in shares of VeriSign by 3.9% in the 3rd quarter. West Family Investments Inc. now owns 1,537 shares of the information services provider’s stock valued at $292,000 after acquiring an additional 57 shares during the last quarter. Larson Financial Group LLC increased its stake in shares of VeriSign by 4.0% in the second quarter. Larson Financial Group LLC now owns 1,852 shares of the information services provider’s stock worth $329,000 after acquiring an additional 71 shares during the period. V Square Quantitative Management LLC raised its holdings in shares of VeriSign by 6.7% during the second quarter. V Square Quantitative Management LLC now owns 1,172 shares of the information services provider’s stock worth $208,000 after purchasing an additional 74 shares during the last quarter. Finally, Gateway Advisory LLC lifted its position in VeriSign by 5.6% during the second quarter. Gateway Advisory LLC now owns 1,538 shares of the information services provider’s stock valued at $273,000 after purchasing an additional 81 shares during the period. Hedge funds and other institutional investors own 92.90% of the company’s stock.

VeriSign Stock Performance

Shares of VRSN opened at $184.91 on Friday. The business’s 50-day moving average is $183.88 and its two-hundred day moving average is $179.85. The company has a market capitalization of $17.77 billion, a P/E ratio of 21.50 and a beta of 0.91. VeriSign, Inc. has a fifty-two week low of $167.04 and a fifty-two week high of $220.91.

VeriSign (NASDAQ:VRSN) last posted its earnings results on Thursday, October 24th. The information services provider reported $2.07 EPS for the quarter, topping the consensus estimate of $2.01 by $0.06. The firm had revenue of $390.60 million for the quarter, compared to analyst estimates of $390.19 million. VeriSign had a negative return on equity of 45.59% and a net margin of 55.74%. VeriSign’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period last year, the company earned $1.83 earnings per share.

Insiders Place Their Bets

In other news, EVP Thomas C. Indelicarto sold 1,228 shares of the stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $190.00, for a total transaction of $233,320.00. Following the transaction, the executive vice president now owns 33,593 shares in the company, valued at $6,382,670. This trade represents a 3.53 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.84% of the company’s stock.

About VeriSign

VeriSign, Inc, together with its subsidiaries, provides domain name registry services and internet infrastructure that enables internet navigation for various recognized domain names worldwide. The company enables the security, stability, and resiliency of internet infrastructure and services, including providing root zone maintainer services, operating two of thirteen internet root servers; and offering registration services and authoritative resolution for the .com and .net domains, which supports global e-commerce.